MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0030074
Payvance Innovation Private Limited - financial services in Thane, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.19 Cr
▲ 876% YoY
Net profit · FY 2025
₹3.16 Cr
Net margin 60.8%
EBITDA · FY 2025
₹4.25 Cr
EBITDA margin 81.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹25 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Payvance Innovation Private Limited
Data last updated:
Payvance Innovation Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 20 February 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2014PTC253445. Its GSTIN is 27AAUCS3008H1Z4 (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹25 Lakh. It is led by directors Shrinivas Patil and Srikanthgouda Patil.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.19 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹3.16 Cr (net margin 60.8%) and EBITDA of ₹4.25 Cr (EBITDA margin 81.9%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 52% over five years.
The company is associated with 1 brand: SIL Technology.
Payvance Innovation Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0030074). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website siltech.co.in.
Company details
CIN U72200MH2014PTC253445
Registration Number 253445
Incorporation Date 20 February 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0030074
Recognitions & Rankings of Payvance Innovation
Contact details
Payvance Innovation Private Limited's registered office is in Thane, Maharashtra. Its website is siltech.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressOffice No. 112 1st Floor Centrum Business Square, Road No. 16 Wagale Estate Panchapakhadi, Thane, Maharashtra, India – 400604
- IndustryFinancial Services, Digital Payment Solutions
To see the full contact details of Payvance Innovation Private Limited, buy the company report.
Comprehensive company report
Payvance Innovation Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Payvance Innovation operates one associated brand: SIL Technology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers IT hardware, system integration, and technology solutions for businesses. | siltech.co.in |
Business activity
The main business activity of Payvance Innovation is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Payvance Innovation Private Limited, buy the company report.
Financials of Payvance Innovation Private Limited
FY 2025 filings availablePayvance Innovation Private Limited reported revenue of ₹5.19 Cr (up 876% YoY) for FY 2025.
Revenue · FY 2025
₹5.19 Cr ▲ 876%
Net profit · FY 2025
₹3.16 Cr margin 60.8%
EBITDA · FY 2025
₹4.25 Cr margin 81.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 876%
3 years · compounded
▲ 52%
5 years · compounded
▲ 52%
EBITDA CAGR growth
3 years · compounded
▲ 316%
5 years · compounded
▲ 94%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 876% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.25 Cr | ||||
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| Net Profit (PAT) | ₹3.16 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 81.9% | ||||
| Net Profit Margin | 60.8% | ||||
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To see the full financial statements and ratios of Payvance Innovation Private Limited, buy the company report.
Board of directors of Payvance Innovation Private Limited
Payvance Innovation has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shrinivas Patil | Additional Director | 12 Dec 2025 | 0 Years 10 Months | Current |
| Srikanthgouda Patil | Additional Director | 12 Dec 2025 | 0 Years 10 Months | Current |
Auditor
Payvance Innovation Private Limited is audited by HEMANT BHOIR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HEMANT BHOIR | FY 2023 | 159898 |
Shareholding
The shareholding of Payvance Innovation Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Payvance Innovation Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Payvance Innovation Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Payvance Innovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Payvance Innovation has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS3008H1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Payvance Innovation Private Limited, buy the company report.
Recent activity
Payvance Innovation Private Limited has 11 board changes on record since 2015: 6 appointments and 5 cessations. The latest: Shrinivas Patil was appointed as Additional Director on 12 Dec 2025.
Appointed
Shrinivas Patil was appointed as Additional Director.
Appointed
Srikanthgouda Patil was appointed as Additional Director.
AGM
Payvance Innovation Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Payvance Innovation Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Paresh Prabhakar Hiwanj was appointed as Additional Director.
Appointed
Abhijit Girish Pradhan was appointed as Additional Director.
Ceased
Shrinivas Patil ceased to be Additional Director.
Ceased
Srikanthgouda Patil ceased to be Additional Director.
Ceased
Niranjan Eknath Parelkar ceased to be Director.
Appointed
Srikanthgouda Patil was appointed as Director.
Appointed
Shrinivas Patil was appointed as Director.
Ceased
Devdatta Mahadeo Chandgadkar ceased to be Additional Director.
2 earlier events are in the company report.
Frequently asked questions
Payvance Innovation is an active private limited company based in Thane, Maharashtra, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 20 February 2014 (12+ years old) and is registered under CIN U72200MH2014PTC253445.
Payvance Innovation has 2 current directors:
- Shrinivas Patil - Additional Director
- Srikanthgouda Patil - Additional Director
The latest financial statements of Payvance Innovation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Payvance Innovation is 27AAUCS3008H1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Payvance Innovation is U72200MH2014PTC253445. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Payvance Innovation was incorporated on 20 February 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Shrinivas Patil was appointed as Additional Director on 12 Dec 2025. Srikanthgouda Patil was appointed as Additional Director on 12 Dec 2025. Paresh Prabhakar Hiwanj was appointed as Additional Director on 03 Mar 2025. Payvance Innovation has 11 board changes on record in total.
Yes, Payvance Innovation is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0030074).
Payvance Innovation can be reached through the website siltech.co.in. Its registered office is in Thane, Maharashtra, India.
The registered office of Payvance Innovation is at Office No. 112 1st Floor Centrum Business Square, Road No. 16 Wagale Estate Panchapakhadi, Thane, Maharashtra, India – 400604.